Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.
Received Dividends:
October 27, 2021
- € 46.32 – Cisco Systems, Inc. (CSCO)
- € 76.78 – Scotiabank (BNS)
October 28, 2021
- € 38.02 – Canadian Imperial Bank of Commerce (CM)
October 29, 2021
- € 12.10 – LTC Properties, Inc. (LTC)
Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.
My Portfolio's Transactions:
October 26, 2021
- I purchased 109 shares of Viatris Inc. (VTRS) at $ 13.79 per share plus commission.
Portfolio Holdings News:
October 25, 2021
- Kimberly-Clark Corporation (KMB) Announces Third Quarter 2021 Results; KMB reports Non-GAAP EPS of $1.62, 5.8% lower than the prior year and $0.03 lower than expected. Revenue grew 7.1% to $5.01 billion, $50 million better than expected.
- Unum Group (UNM) announces $250 million share repurchase authorization; UNM announced that its board of directors has authorized the repurchase of up to $250 million of the company's outstanding common stock through Dec. 31, 2022.
October 26, 2021
- UPM-Kymmene Corporation (UPM) Interim Report Q3 2021; UPM reported third quarter comparable earnings per share EPS of EUR 0.66, 128% higher than the prior year and EUR 0.12 above estimates. Revenue improved 24% to $2.52 billion, $99 million better than expected.
- NCC AB (NCC) to construct 191 energy-efficient apartments for NREP in Finland; NCC has been commissioned by NREP to construct 191 apartments in Espoo, Finland. The apartments will be completed during summer 2023. The project is a design-build contract with an order value of approximately SEK 240 million.
- Triton International Limited (TRTN) Reports Third Quarter 2021 Results and Raises Quarterly Dividend; TRTN reports third quarter Non-GAAP EPS of $2.43, 113.2% higher than the prior year and $0.24 above estimates. Revenue improved 22.1% to $400.2 million, $2.78 million better than expected. TRTN announced a 14% increase in its quarterly common share dividend to $0.65 per share payable on December 23, 2021 to shareholders of record as of December 9, 2021.
- Lockheed Martin Corporation (LMT) Reports Third Quarter 2021 Financial Results; LMT reported third quarter GAAP EPS of $2.21, a decrease of 63.5% compared to the previous year but $0.22 ahead of expectations. Revenue declined 2.8% to $16.03 billion, $1.09 billion lower than expected.
- Raytheon Technologies Corporation (RTX) Reports Third Quarter 2021 Results; RTX reports third quarter Non-GAAP EPS of $1.26, a 125% increase from last year and beating analyst estimates by $0.17. Revenue improved 8.1% to $16.21 billion, which was $150 million below expectations.
- Raytheon Technologies Corporation (RTX) awarded a $340M contract for mobile sensors operations and maintenance services of the Cobra King radar system.
- 3M Company (MMM) Reports Third-Quarter 2021 Results; MMM reports Q3 Non-GAAP EPS of $2.45, same as year before and $0.22 above estimates. Revenue increased 7.1% to $8.94 billion, $270 million better than expected.
- United Parcel Service, Inc. (UPS) Releases 3Q 2021 Earnings; UPS reports Non-GAAP EPS of $2.71 beating analyst estimates by $0.16 and increasing 18.9% year-over-year. Revenue of $23.2 billion beats analyst estimates by $630 million and increases 9.2% versus the same quarter last year.
- Visa Inc. (V) Reports Fiscal Fourth Quarter and Full-Year 2021 Results, Raises Quarterly Dividend; V reported fourth quarter Non-GAAP EPS of $1.62, 44% higher than the previous year and $0.08 better than expected. Revenue increased 28.6% to $6.56 billion, topping estimates by $50 million. V also raised its quarterly dividend by 17% to $0.375 payable on December 7, 2021, to all holders of record as of November 12, 2021.
- Archer-Daniels-Midland Company (ADM) Reports Third Quarter Earnings; ADM reports Q3 Non-GAAP EPS of $0.97, beats by $0.08 and a 9% improvement from the previous year. Revenue increased 34.4% to $20.34 billion, $2.41 billion better than expected.
- Digital Realty Trust, Inc. (DLR) Reports Third Quarter 2021 Results; DLR reports third quarter FFO of $1.65, 7.1% higher than last year and $0.02 above estimates. Revenue improved 10.8% to $1.13 billion, $30 million better than expected.
- Algonquin Power & Utilities Corp. (AQN) Announces Agreement to Acquire Kentucky Power Company; AQN announced that Liberty Utilities Co., an indirect subsidiary of AQN, has entered into an agreement with American Electric Power to acquire Kentucky Power Company and AEP Kentucky Transmission Company, Inc. for a total purchase price of approximately $2.846 billion (approximately C$3.523 billion), including the assumption of approximately $1.221 billion in debt.
October 27, 2021
- Neste Corporation (NESTE) Interim Report January–September 2021; NESTE reports third quarter comparable earnings per share EPS of EUR 0.42, 5% higher than the prior year and EUR 0.07 above estimates. Revenue improved 40% to $4.03 billion, $478 million better than expected.
- The Kraft Heinz Company (KHC) Reports Third Quarter 2021 Results; KHC reports Non-GAAP EPS of $0.65, beating analyst estimates by $0.07 and declining 7.1% year-over-year. Revenue of $6.32 billion declines 1.9% year-over-year but beats analyst estimates by $240 million.
- Bristol-Myers Squibb Company (BMY) Reports Third Quarter Financial Results; BMY reports Q3 Non-GAAP EPS of $2.00, beats by $0.08 and a 23% improvement from the previous year. Revenue increased 10.2% to $11.62 billion, $100 million better than expected.
- The Coca-Cola Company (KO) Reports Third Quarter Results; KO reports third quarter Non-GAAP EPS of $0.65, 18% higher than the previous year and $0.07 better than expected. Revenue increased 14.9% to $10.0 billion, topping estimates by $280 million.
- McDonald's Corporation (MCD) Reports Third Quarter Results; MCD reports Non-GAAP EPS of $2.76 beating analyst estimates by $0.29 and increasing 24% year-over-year. Revenue of $6.2 billion beats analyst estimates by $160 million and increases 14.4% versus the same quarter last year.
- General Dynamics Corporation (GD) Reports Third-Quarter 2021 Financial Results; GD reports Q3 GAAP EPS of $3.07, a 5.9% increase from last year and beating analyst estimates by $0.09. Revenue improved 1.5% to $9.57 billion, which was $290 million below expectations.
- Aflac Incorporated (AFL) Announces Third Quarter Results; AFL reported third quarter GAAP EPS of $1.32, a 61.6% decline from the prior year but $0.08 ahead of analysts' estimates. Revenue decreased 8.1% to $5.24 billion, $120 million lower than expected.
October 28, 2021
- Bonava AB (BONAVA) Interim report January–September 2021; BONAVA reports Earnings per share SEK 1.85 increasing 172% year-over-year. Revenues improved 22% to SEK 3,618 million, compared with an expected SEK 3,976 million.
- Gilead Sciences, Inc. (GILD) Announces Third Quarter 2021 Financial Results; GILD reports third quarter Non-GAAP EPS of $2.65, 26% above last year's result and $0.87 higher than expected. Revenue improved 13.1% to $7.42 billion, $1.08 billion higher than expected.
- Baxter International Inc. (BAX) Reports Third-Quarter 2021 Results; BAX reports third quarter Non-GAAP EPS of $1.02, 23% higher than the previous year and $0.08 better than expected. Revenue was $3.23 billion, in-line with estimates and increases 8.8% versus the same quarter last year.
- Altria Group, Inc. (MO) Reports 2021 Third-Quarter and Nine-Months Results; MO reported third quarter Non-GAAP EPS of $1.22, which was a grow of 2.5% and $0.04 below estimates. Revenue declined 2.5% to $5.53 billion, $200 million lower than expected.
- Starbucks Corporation (SBUX) Reports Q4 and Full Year Fiscal 2021 Results; SBUX reports Q4 Non-GAAP EPS of $1.00, 96% higher than the previous year and $0.51 better than expected. Revenue increased 31.5% to $8.15 billion, missing estimates by $70 million.
- WestRock Company (WRK) Increases Quarterly Dividend; Board of Directors of WRK declared a quarterly dividend of $0.25 per share on its common stock, an increase of $0.01 per share from its previous dividend rate and representing an annualized increase of $0.04 per share, or 4%. The quarterly dividend of $0.25 per share will be paid to stockholders of record as of the close of business on November 10, 2021, and will be paid on November 23, 2021.
- Illinois Tool Works Inc. (ITW) Reports Third Quarter 2021 Results; ITW reports third quarter GAAP EPS of $2.02, 10 % higher than the previous year and $0.01 better than expected. Revenue increased 7.6% to $3.56 billion, which was in line with estimates.
- Lockheed Martin Corporation (LMT) awarded a ~$243M cost-plus-fixed-fee contract for long range fires technology development and demonstration.
- T. Rowe Price Group, Inc. (TROW) Reports Third Quarter 2021 Results; TROW reports Q3 Non-GAAP EPS of $3.27, 28.2% above last year's result but $0.04 lower than expected. Revenue improved 21.9% to $1.95 billion, missing estimates by $20 million.
- T. Rowe Price Group, Inc. (TROW) to Acquire Oak Hill Advisors; TROW will acquire 100% of the equity of OHA and certain other entities that have common ownership for a purchase price of up to approximately $4.2 billion, with $3.3 billion payable at closing, approximately 74% in cash and 26% in T. Rowe Price common stock, and up to an additional $900 million in cash upon the achievement of certain business milestones beginning in 2025.
- LTC Properties, Inc. (LTC) Reports 2021 Third Quarter Results; LTC reports third quarter FFO of $0.45, 22.4% lower than last year and $0.11 lower than expected. Revenue declined 2% to $37.42 million, $0.46 million below estimates.
- Canadian Utilities Limited (CU) Reports Third Quarter 2021 Earnings; CU reported third quarter 2021 adjusted earnings of $88 million ($0.33 per share), which were $12 million ($0.05 per share) higher compared to $76 million ($0.28 per share) in the third quarter of 2020.
October 29, 2021
- Kesko Corporation (KESKO) Interim Report Q3 2021; KESKO reports revenue of EUR 2,902 million, increasing 8% year-over-year but missing estimates by $10 million. Comparable EPS were €0.43 up 30.3% year-over-year.
- Chevron Corporation (CVX) Announces Third Quarter 2021 Results; CVX reports Non-GAAP EPS of $2.96, a 1540% increase from the previous year and $0.77 better than expected. Revenue increased 82.9% to $44.71 billion, $3.82 billion above what analysts had expected.
- AbbVie Inc. (ABBV) Reports Third-Quarter 2021 Financial Results, Announces 2022 Dividend Increase; ABBV reports third quarter Non-GAAP EPS of $3.33, 17.7% above last year's result and $0.11 higher than expected. Revenue improved 11.2% to $14.34 billion, $40 million higher than expected. ABBV declared an 8.5% increase company's quarterly dividend beginning with the dividend payable on February 15, 2022.
- Lazard Ltd (LAZ) Reports Third-Quarter And Nine-Month 2021 Results; LAZ reports Q3 Non-GAAP EPS of $0.98, 46% above last year's result and $0.03 higher than expected. Revenue improved 23.4% to $737.8 million, $25.83 million higher than expected.
- W. P. Carey Inc. (WPC) Announces Third Quarter 2021 Financial Results; WPC reports third quarter FFO of $1.24, 7.8% higher than last year and $0.08 above estimates. Revenue improved 7.9% to $320.84 million, $1.8 million lower than expected.
- VEREIT, Inc. (VER) Announces Third Quarter 2021 Results; VER reports third quarter FFO of $0.83, 7.8% higher than last year and $0.03 above estimates. Revenue declined 1.9% to $289.67 million, $6.23 million below estimates.
- Fortis Inc. (FTS) Releases Third Quarter 2021 Results; FTS reports third quarter Non-GAAP EPS of CA$0.64, 1.5% lower than last year but CA$0.12 above estimates. Revenue increased 3.5% to CA$2.20 billion.
Articles that caught my attention:
- Undervalued Dividend Growth Stock of the Week: Atmos Energy (ATO) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
- 3 undervalued Dividend Kings for Steady Dividend Income by Derek at Engineer My Freedom
- Ares Capital: Blue-Chip BDC Yielding 7.8% by BDC Buzz at Seeking Alpha
- Sysco: COVID Knocked Them Down, But They're Not Out by Passive Income Pursuit at Seeking Alpha
- Old Republic International: Reliable Income, But Fully Valued by Larry Saunders at Seeking Alpha
- How much real estate should you have in your portfolio? by Mark at My Own Advisor
- What Are Assets That Generate Income? (Best Assets To Buy Now) by Graham at Reverse the Crush
- How to Start Investing – Easy Steps to Grow A Solid Portfolio [Podcast Series] by DivGuy at The Dividend Guy Blog
- Altria: Investors Overreact As Volume Declines Normalized Upwards In Q3 by Librarian Capital at Seeking Alpha
- Lockheed Martin – Stock Analysis by Financial Freedom Is A Journey
- Dividend Income From You The Bloggers – September 2021! by Lanny and Bert, the Dividend Diplomats at Dividend Diplomats
- Here’s How I’m Investing Each Month by Retire Before Dad
- Canadian National Railway (TSX:CNR) Maintains Strong Moat Despite Recent Challenges by Mathieu Litalien at Stocktrades
- LTC Properties: Senior Housing Distress Will Likely Force A Dividend Cut by Trapping Value at Seeking Alpha
- Dividend Aristocrats: 5 Buys And 5 Avoids For October by Jonathan Weber at Seeking Alpha
Thanks for stopping by, have a nice next week!
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